As the markets shook and rattled this week, investors found themselves on a rollercoaster of highs and lows. Let’s take a closer look at the key movers and shakers that caught the attention of street watchers.
In the bumpy ride that was this week, the S&P 500 added 1.66%, the Nasdaq rode its tech wave with a 1.4% rise, and the Dow Jones Industrial Average climbed by 1.3%.
One standout player that captured the limelight was Nvidia Corporation, sending shockwaves with its stellar earnings report that catapulted its shares skyward. The tech giant even flirted with a market valuation surpassing the $2 trillion mark briefly.
Another headline grabber was Jamie Dimon, the head honcho at JPMorgan Chase & Co, who made heads turn by shedding over 800,000 shares of the banking behemoth worth a hefty $150 million. A move that spoke volumes and left many pondering.
In the world of finance, growth stories like these add color to an otherwise dry canvas. Here are some of the top picks that stood out in the week:
Bullish Vibes
“Broadcom, The Magnificent 7 Stock In Waiting: Can The Chipmaker Replace EV Carmaker Tesla?” by Neil Dennis, paints an intriguing picture of Broadcom Inc possibly emerging as a heavyweight in the tech arena, surpassing the likes of Tesla Inc in market cap, driven by strategic acquisitions and robust earnings outlook.
“Tesla Investor Shows Love For Battered Rivian: 4 Reasons Why He Is Positive About The EV Maker” by Shanthi Rexaline, sheds light on Gary Black’s optimism for Rivian Automotive, Inc., projecting it as a worthy contender to Tesla, backed by a strong product portfolio, brand image, operational prowess, and healthy financial standing.
“Dogecoin ‘Shows Familiar Pattern’ Echoing 2020 Behavior, Hinting At Another 28,000% Surge, Says Crypto Analyst” by Mehab Qureshi, delves into Ali Martinez’s analysis of Dogecoin’s price action, hinting at a potential reprise of its legendary 2020 rally due to promising trading patterns and consolidation.
For more bullish takes from the past week that raised eyebrows:
Bitcoin Poised To Reach $500K Long-Term As ‘Bullish Sentiment Is Great,’ Says Michael Van De Poppe, But Warns ‘Corrections Will Happen’
Nvidia’s Rally Steals Limelight, But This Unsung AI-Levered Stock Has Witnessed A 9,900% Rocket Ride Since 2007 IPO
Nvidia Is Still ‘Stepping On The AI Accelerator’: 7 Analysts Size Up Q4 Results, Supply And Demand Dynamics
The Bears Emerge
“Short-Seller Jim Chanos Has A ‘Friendly Reminder’ For Investors: Most Of Nvidia’s Operating Cash Flow ‘Actually Capex From Other Mag 7 Darlings'” by Shanthi Rexaline, raises red flags over Jim Chanos’s skepticism regarding Nvidia’s reliance on major tech players’ capital expenses for its operational liquidity amidst the AI frenzy.
“Is Bitcoin’s Future Doomed? European Central Bank Says Yes, Offers Stark Warning” by Murtuza Merchant, echoes the European Central Bank’s grim outlook on Bitcoin, decrying its lack of intrinsic value and condemning its inefficiencies and environmental impact, despite the recent regulatory nods for Bitcoin ETFs.
“VIZIO Faces Analyst Downgrades Amid Walmart Acquisition, Impact On Roku” by Surbhi Jain, tracks the downward spiral in analyst sentiment towards VIZIO Holding post Walmart’s acquisition ambition, signaling potential repercussions for Roku and the broader streaming terrain.
For those interested in pessimistic perspectives that added a pinch of salt to the mix:
Wedbush’s Dan Ives Expresses Investors’ Growing Frustration With Snap: ‘Every Quarter There Is Another Dog Ate The Homework Excuse’
‘Gemini Is A Joke’: Google’s AI Chatbot Doesn’t Even Know How Its Own Founders Larry Page And Sergey Brin Look Like
Carvana Analysts Cast Shadow Over Q4 Earnings: ‘Less Opportunity For Upside Surprise’
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